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Saab parent company to sell Spyker luxury brand to U.S. firm

Saab parent company Swedish Automobile plans to sell its Spyker luxury-sports-car brand to U.S. private-equity firm North Street Capital for about $44 million. Spyker has been careful to point out to European news sources that the agreement has not been made final.

Local Motors announces winners of Terra Prix 2085 design competition

Local Motors has announced the 10 winners of its Terra Prix 2085 Concept Design competition. The competition brief asked entrants to design a two-person race vehicle that could navigate every terrain imaginable on every continent, as well as a support craft for any maintenance needed throughout the race. The support craft had to be able to carry tools, extra parts, any potential module changes for different terrain as well as enough 'fuel' for both vehicles to move between three major checkpoints.

Vision Gran Turismo: 18 exclusive concepts from the world's top design studios [w/Video]

After yesterday's news that Gran Turismo 6 will feature an exclusive car from BMW, it seems it's not alone, with 17 other brands creating bespoke designs for the Vision Gran Turismo project. Design teams from Alfa Romeo, Alpine, Aston Martin, Audi, BMW, Bertone, GM Design, Honda, Infiniti, Italdesign Giugiaro, JORDAN Brand, Mercedes-Benz, Nike, Nissan, Peugeot, SRT, Volkswagen and Zagato are creating models for the latest edition in the series. The project comes as a result of a collaboration between the game's creators and its design partners to celebrate the franchise's 15-year anniversary.